Our Process
What are your goals in life? How will you reach them? Do you have a process and plan that takes into consideration needs that will occur now, soon and later? How are market risks, interest rate risks and the sequence of returns risks taken into account? Do you have a plan for the various stages of money accumulation, preservation and distribution?
Falck Financial Services is dedicated to helping you understand your financial picture and build a plan to help you reach your goals while taking into account the various risks that can tear a plan apart. Each person and situation is unique, so each plan of action is individually tailored.
Our process includes:
- Establishing a relationship of trust and gathering information
- Through our discussions, use of questionnaires and review of your financial documents, we work to establish an understanding of your goals and the type of financial advisory relationship that best fits your situation.
- Analyzing the present situation and financial status
- Analysis of your current situation is done to identify how you are presently positioned and to help identify if there are any changes that need to be made to help you reach your goals. Topics covered may include retirement income planning, investment strategy and allocation, risk management, legacy planning or other topics important to you.
- Developing and presenting recommendations and alternatives
- Through the use of various analytical tools, a plan is prepared with recommended strategies to try and meet your established goals. This plan can be developed with outside experts such as your tax professional or attorney.
- Implementing recommendations
- Once a plan of action has been agreed upon, it is important to set it in motion. Falck Financial Services can assist you with implementation and work with other professionals as appropriate.
- Monitoring and reviewing periodically
- Financial planning is not a one-time static event. Life can unfold in unexpected ways – with both good and bad surprises! New goals arise. Economic situations change. Past assumptions need to be reevaluated. Since plans may need to be adjusted over time, we meet periodically to review plan performance and make adjustments as necessary.
If you would like more information, please contact us to set up a free initial consultation.